Started the company when it acquired $20,000 cash from the issue of common stock. purchased a new cooktop that cost $19,000 cash. earned $33,000 in cash revenue. paid $17,000 cash for salaries expense. paid $7,100 cash for operating expenses. adjusted the records to reflect the use of the cooktop. the cooktop, purchased on january 1, year 1, has an expected useful life of four years and an estimated salvage value of $2,000. use straight-line depreciation. the adjusting entry was made as of december 31, year 1.
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What could cause a production possibilities curve to move down and to the left? a.) a nation loses land after being defeated in a war. b.) an increase in the use of computer technology speeds up production c.) a baby boom 20 years ago results in a large number of young adults in the population today. d.) thousands of investors from overseas invest money in a nations economy.
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Started the company when it acquired $20,000 cash from the issue of common stock. purchased a new co...
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